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Questions buyers should ask W
hile property has been one of the best performing long-term investments in recent years, despite the economic downturn and price decreases, a property investment will only be as sound as the knowledge buyers have about it. A bad property investment can severely affect the buyer’s return on investment or in the worst case, result in them continuously losing money over the long term. “However,” says Adrian Goslett, CEO of RE/MAX of Southern Africa, “knowing what to look for and what questions to ask when viewing a property will help the buyer distinguish between a good investment and a bad one.” Goslett gives the following tips for buyers before deciding to buy a property: ) Will it be a long-term investment? It is important that buyers view property as a long term investment and as such plan accordingly. According to Goslett, as a general rule buyers will need to stay in a home for at least seven to ten years before they see any real return on their investment. He notes that buyers
should consider their future plans and how the property would fit into those plans. While a property may meet the buyer’s immediate requirements, it may not fit into their future plans, which could include starting a family. While location is always a vital aspect to consider, different amenities would appeal to buyers in different life stages. For example, while a young couple may initially want a home that is close to restaurants and entertainment hotspots, when they decide to start a family, proximity to good schools and medical facilities will be become more important. ) Is the home in good repair? Although buying a home in need of some attention might seem more cost effective at the outset, homes with numerous problems can end up costing a lot of money to repair. “Buyers should check aspects such as the reliability of the utilities, which include the electricity and water supplies, as well as checking all water and electrical installations to be functional and in good repair. It may also be worthwhile to enquire about the monthly utility costs,” he says. Goslett says buyers should also check the property for any water damage or rising damp, as both could present a variety of prob-
lems and result in costly repairs. Bubbling or scaling paint on walls is generally an indication of water damage, as are brown markings on the ceiling. When looking at a property with a swimming pool, buyers should check for cracks in the structure or lining as well the condition of the paving around the pool. It is advisable to check filtration equipment such as the pump and ensure it is in good working order and ask about the cost of maintaining the pool. ) Does the home have a sound structure? While building standards in South Africa are generally high, Goslett says buyers should never assume that a building is structural sound. Although rare, it is possible that even aesthetically pleasing, relatively new buildings can have serious faults. Buyers may need to pay particularly close attention when looking for structural damage as it might be hidden with heavy filling work and a coat of paint. An indication of structural damage is diagonal cracks running from the corners of window or door frames and deformation along roof lines. “Structural damage to a property will be extremely expensive to repair, if it can be repaired at all. Repairs could include
demolishing parts of the home and having them rebuilt. A full structural survey can be carried out by a master builder who will be able to advise the buyer what work needs to be done to the property and at what cost.” )Does the property correspond with the description on the title deed? Goslett says buyers should check that all buildings on the property correspond to the description on the title deed, making sure of the legality of the buildings. The description on the title deed will provide the number of rooms, the area of the property, terraces and the plot. In the case of a sectional title unit, check the exclusive-use areas to which you are entitled. Any additions such as rooms, garages or a swimming pool that do not appear, may not have been built and approved through the correct channels and should be queried. Buyers should ask the owner for proof of planning permission as the property may require new registration for the entire property. If this is the case, it will be more cost effective to get the current owner to register the change before they buy the property.” “A wise choice today will allow the buyer to reap the financial benefits in future.”
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Do I buy an existing property or build? move into a brand new home. There is nothing quite like being the first to live in a new home – with everything fresh and new. For most buyers, purchasBut it has its price. A new ing an existing property is home has teething problems. much easier. You shortlist Things will go wrong, and properties that meet your rewith it comes frustration. quirements, you view them, Building is also stressful, unand you make an offer based less you find the perfect buildon what you can afford, and er. You will also need to find what you believe market valalternative accommodation ue to be. for the 5 to 8 months it may In most cases, when purtake to build, which is an exchasing an existing property tra cost. you are able to take occupaUp until recently the banks tion in 1 to 3 months – and this were reluctant to offer good makes planning your move Talking Property by Steve loan-to-value rates on buildfairly easy. CaradocDavies ing loans. However, for most You apply for your finance, sign papers with the attorneys, and the next of the banks this has now changed, and you should be able to qualify for the same perthing you know you are moving in. On the negative, you may be purchasing centage of finance to total cost as you would a property that doesn’t fill all your needs – have on an existing home. Another positive of building is that you pay you may have had to compromise. Perhaps you also have to upgrade kitchens, bath- transfer duty on the plot transaction only. rooms, and flooring. All these cost money and In some cases this is a significant saving. But take time, and financing these changes, don’t forget to allow for the NHBRC registrawhile possible, isn’t an automatic process tion fee on the new building, architect and and you will need to qualify and register a municipal planning fees, and all the hidden costs. I’ve yet to find someone who came out large enough bond. on budget as we all like to spend more than What about building? My dad always told me when he taught me we have. The reality is that both buying an existing real estate that no one is making any more land. That’s so true now, as the availability property and building a new one offer differof vacant plots in the areas you may want ent but exciting challenges. If your circumstances allow and you can’t find a home that to live in, is poor. However, if you were to find a plot you suits you, then don’t discount building. But research the cost thoroughly so there liked, then perhaps building is an option you are no nasty surprises. should consider. Happy house-hunting. The one obvious positive is that you can E-mail your real estate question to stebuild exactly what you want and need. You can choose your finishes – and you get to ve.cd@harcourts.co.za
It’s a big decision to make: Buy or build. Let’s look at the pro’s and con’s.
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R310
DIE BOORD
R44
CARPE DIEM
PARADYSKLOOF JAMESTOWN
Understanding our labour laws The Cape Chamber of Commerce Drakenstein, Helderberg, and Stellenbosch branches are holding a workshop on “Taking back control: Understanding our labour laws so that you can make them work for you as business owner” on 19 March at Stellenbosch Lodge, 25 Canterbury Lane, Blaauwklippen Village from 08:00 until 10:30.
The speaker, Justine del Monte is an experienced attorney specialising in labour law. She completed her BLC LLB cum laude at the University of Pretoria in 2000, and was admitted as an attorney of the High Court of South Africa in 2002 after completing her articles with a wellknown Cape Town firm, Irish Ashman. She later became a
Learn the art of speed network
partner practising in the firm’s labour law department. She left Irish Ashman in 2007 to start her own practice, Justine Del Monte & Associates. Cost is R120 for members and R150 for non-members. For more information contact event organiser: Roshaan Gilbert 021 637 5614 or e-mail roshaan@capechamber.co.za
The Chamber of Business and Industry will be holding a workshop on speed networking on 19 March from 17:00 until 19:30 at the Cape Chamber House, 19 Louis Gradner Street, Foreshore in Cape Town. Why speed network? Within two hours you will have a series of minimeetings, create new contacts and establish potential new business opportu-
nities. Only one attendee per company or organisation is allowed to participate in this event, thus ensuring the effectiveness of this event for all participants.This event is not industry specific. The cost is R80 for members and R120 for non-members. For more information contact event organiser Lucia Frans on 021 402 4342 or e-mail Lucia@capechamber.co.za.
New Release
Stellenbosch
Sole Mandate
Web Ref: 227322
R3 000 000
Die gewildheid van hierdie woonbuurt en omgewing oortref alle perke. Vraag is groot en aanbod min. Gryp hierdie geleentheid aan! Contact: Marelise Visagie 072 776 2645
Each office independently owned and operated
Web Ref: 201725
Sole Mandate
Offers from R11 500 000
Rich architectural splendor combined with a medley of vintage charm. Romantic garden. Asking Price: R18 000 000. Contact: Marelise Visagie 072 776 2645
Joint Mandate
R4 950 000
Web Ref: 228647
Situated away from the noise and rush of the centre of town this top-class property offers luxury, peace and serenity. Contact: Marelise Visagie 072 776 2645
Spacious family home with plenty of character, two living areas, huge established garden and pool, as well as exquisite views of the mountain and nearby vineyards. Excellent value in sought after area. Contact: Monique Holzen 072 390 9227
New Release
Sole Mandate
R1 695 000
Offers from R1 990 000
Aftree geleentheid in rustige landelike omgewing. Hierdie kompleks bied hoe standaard versorging en veiligheid vir die inwoners. Kontak: Marelise Visagie 072 776 2645
Old Mutual Building, 40 Bird Street, Stellenbosch t 021 809 2760 | admin@sothebysrealtystb.co.za | www.sothebysrealty.co.za | www.sothebysrealty.com
Web Ref: 229875
R3 600 000
Web Ref:217854
Cosy and secure north facing townhouse in small, gated complex. The living areas are modern and spacious with exquisite mountain views from the dining area and kitchen. Homes in this complex rarely come onto the market so don’t miss out on this opportunity! Asking Price: R2 150 000. Contact: Monique Holzen 072 390 9227
BOLAND SOLD
PAARL/WELLINGTON
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14 Maart, 2013
On Show: Saturday 10h00 - 12h00
Sole Mandate
New Release
Paarl | R2 950 000
Paarl | Wellington
New Release
Character and versatility in Groenvlei, Paarl. 4 Bedrooms and study, 4 bathrooms, 4 reception areas, a pool, separate library and much more. Contact: Bronwyn Boyd 083 420 1747
Web Ref: 230120
Web Ref: 230383
Wellington | R1 050 000
Invest in a 3 bedroom, 2 bathroom house, situated in a secure complex on the outskirts of Wellington. A fantastic plot and plan package. Contact: Estelle Denys – 072 141 4117
Each office independently owned and operated
Paarl | R2 700 000
Sole Mandate
Web Ref: 203779
Paardeberg Mountain Retreat
Paarl | R1 850 000
Web Ref: 227949
With sweeping views of farmlands, fynbos and even Table Mountain in nature estate. Plot and Plan options, starting at R2,555,000. FIRST OPPORTUNITY SOLD! Contact: Bronwyn Boyd 083 420 1747
Very neat and spacious home in a quiet suburb with 4 bedrooms, 3 bathrooms and lots of extras. Contact: Miranda Coetzee 083 414 7212
Web Ref: 208785 Wellington | Offers from R2 800 000 (Excl VAT)
Web Ref: 95036 Wellington | Offers from R2 800 000 (Excl VAT)
Well priced. Smallholding, fully fenced and ideal for keeping of livestock. Municipal water for domestic purpose and strong borehole. House and shed. Price: R2 900 000 (Excl VAT). Contact: Irene 074 127 9280 / Danie 083 627 2148 140 Main Road, Paarl. 7646. | t 021 870 1011 | info@sirpaarl.co.za www.sothebysrealty.co.za | www.sothebysrealty.com | www.farmssouthafrica.com | www.farmandranchsir.com Beautiful renovated 4 bedroom, 2 bathroom house in sought after area of Paarl. Contact: Miranda Coetzee 083 414 7212
Sole Mandate
SERIOUS SELLER! Prime land set on the slopes of the Klein-Drakenstein Mountains. Panoramic views – planted with new carefully selected olive cultivars. No buildings. Price: R4 250 000 (Excl VAT) Contact: Irene 074 127 9280 / Danie 083 627 2148
14 MAART/15 MAART
I20: DIESEL PACKS A PUNCH
Hyundai’s cherry on the top QUICKPIC
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he addition of Hyundai Automotive South Africa’s new i20 1.4 CRDi Glide to its passenger car range has created the most complete line-up of a Hyundai model locally. The Hyundai i20 range now boasts five derivatives – topped by the new 1.4 CRDi Glide with its turbodiesel engine. In 2012 Hyundai launched the popular i20 in a revised and refreshed form – both inside and out – which heightened its appeal to a new, younger group of car buyers. Then, towards the end of last year, the entry-level i20 1.2 Motion – with an impressive list of standard features – was added to the range to satisfy the needs of buyers in this segment who had to keep their eyes firm on their budget. The entry of the new 1.4 turbodiesel derivative to the i20 range now creates even more choice and is expected to increase the substantial market share that this small hatch back model already enjoys in its segment. It is a fitting way to finish off Hyundai Automotive SA’s most comprehensive model range with an attractive flagship derivative. As with its i20 siblings, the new 1.4 CRDi Glide can boast with a long list of standard equipment and convenience features – with the important added benefit of a substantially lower price than its direct competitors. The value offered by the new addition to the i20 range is evident when its comprehensive specification list is compared with those of its competitors. Inside the latest addition to the i20 range in South Africa beats a new heart: A 1,4 litre turbo-charged four cylinder diesel engine that delivers 66 kW of peak power and an exemplary 220 Nm maximum torque. Linked to a smooth and efficient 6-speed manual transmission, this translates to more than ample power through the front wheels
for the medium-sized hatch back. With equally exemplary fuel economy figure of 5 litres per 100 km, recorded on a combined European test cycle. Its 110 g/km carbon emissions also ensure that no tax will le levied in this department. Taking its place next to the 73 kW 4-cylinder, 1,4-litre petrol engine, the new 1.4 turbodiesel forms a solid partnership at the top-end of the i20 range. The i20 1.4 CRDi Glide can run on 500 ppm diesel. Hyundai’s engineers have matched the turbodiesel engine with carefully chosen ratios in the refined 6-speed manual transmission to provide a precise gearshift for maximum ease and feel. Gear ratios are optimised to ensure that the engines they are mated to operate at their most efficient speed for the longest period of time. The Hyundai i20 range now consists of five derivatives: The entry-level i20 1.2 Motion with a manual five-speed gearbox; the 1.4 Fluid with a sixspeed manual gearbox; a 1.4 Fluid with a fourspeed automatic transmission. The petrol-driven 1.4 Glide with a manual 6-speed transmission; and the new 1.4 CRDi Glide with its turbodiesel engine and sixspeed manual transmission. As with all other passenger models from Hyundai Automotive South Africa, the new i20 1.4 CRDi Glide comes standard with a fiveyear/150 000 km warranty and 5 years/150 000 km roadside assistance. Part of the standard i20 1.4 CRDi Glide package is a 3 years/60 000 km service plan and 5 years/160 000 km perforation warranty. Hyundai delivers outstanding value to buyers in this popular segment of the local market. Service intervals are 15 000 km apart. Prices start at R 144 900 for the 1.2 and continue towards R 195 900 for the 1.4 turbo diesel.
A 1,4 litre tur bocharged four cylinder diesel engine that delivers 66 kW of peak power and an exemplary 220 Nm maximum torque.
PIC: QUICKPIC
BOLAND SOLD
AUTO
Donderdag
14 Maart, 2013
Peugeot sponsors DJ Ossewa QUICKPIC Life on the road has just got a whole lot better for Afrikaans folk band, DJ Ossewa, who will tour in style and safety for the duration of 2013, thanks to a partnership deal with Peugeot South Africa. The traditional trio, who describe their style as Progressive Alternative Boere Afrikaans party/dance music, is driving a Peugeot Boxer panel van, which they have converted to be used as their touring vehicle. They expect to play between 120 and 150 gigs in the course of the year. “The Boxer’s combination of space for
Look no further-
the paraphernalia which comes with being a band on the road, the economy and torque from its 2,2-litre HDi tubodiesel engine, plus an extensive list of safety and convenience features makes the Boxer an ideal choice,” said Clara Métivier-Beukes, GM Marketing of Peugeot South Africa at the handover of the vehicle. “We wish the members of DJ Ossewa, Piet Pompies, Daniel Jakobus and Jerbes Leeuboer, many miles of happy touring.” The trio, all farmers turned musicians, have nicknamed the Boxer Raapie, in honour of former band member Raapie Knaapie, who sadly passed away after a car accident in 2010.
We have the stock! 86 Only 1 left Fortuner (various models) 10 available
Hilux D/C & X/C (various models) 8 available
2013 Prado 3.0D VX 4x4 Silver Demo 3 500km R649 950
NEW 2013 FJ 4.0 V6 Beige R 40 000 assistance
arriving April 2013
021 841 8600
Think Toyota. Think Rola.
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DJ Ossewa showing their gratitude towards Peugeot.
PIC: QUICKPIC
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SOLD AUTO BOLAND
Donderdag
14 Maart, 2013
Polo Vivo gets Maxxed QUICKPIC The 2012 best-selling passenger car in South Africa, Polo Vivo has been expanded with the addition of the sized-up derivative aptly named, Maxx. In 2012 Polo Vivo, which is manufactured at the Volkswagen South Africa’s plant in Uitenhage, sold 34 873 units. Polo Vivo Maxx is only offered in the hatch body version and boasts of number of exterior and interior features that differentiate it from its siblings. The exterior features include raised suspension, 17inch ‘Budapest’ alloy wheels, painted exterior mirrors, twin exhaust tailpipes and
aluminium roof rails. In the interior, Polo Vivo Maxx has pedals with aluminium inserts, centre console in titanium paint, front electric windows, manual air-conditioner, 3-spoke leather steering wheel with chrome insert and grey stitching, Radio/ CD/MP3/Bluetooth with 4speakers and floor mats with grey stitching. Polo Vivo Maxx is powered by 1.6 77kW engine that is mated to a 5-speed manual transmission. Its standard safety and security features include driver and front passenger airbags, ABS with EBD as well as an immobiliser and central locking. The retail price is R 160 300 (VAT and emissions tax included).
5 Door Wild
! t f e L4.3 L /100km 2 y Onl 2
99 g/km CO 4Year /60 000km Service Plan 3Year /100 000km Warranty R120 000 All Inclusive
Polo Vivo Maxx is only offered in the hatch body version and boasts of number of exterior and interior features that differentiate it from its siblings. PIC: QUICKPIC
2009 Ford Bantam 1.3 XL
R 89 995.00
62 500km, Blue, Aircon, P/S, Canopy, Radio/CD
Terms & Conditions apply. While stocks last. For more info and Specials visit us on Facebook or visit www.RolaToyota.co.za
2010 Ford Ikon 1.6 Ambiente
2010 Mercedes Benz C200 CGI
2005 BMW X5 3.0D Sport
110 000km, Aircon, Power Steering, Central Locking, Radio/CD
110 000km, Black Avantgarde, Absolutely Full House, Sunroof
156 000km, Full House, Sunroof etc.
R 106 995.00
131 Main Road, Strand & 70 Victoria Road, Somerset West
R 269 995.00
Keith - 082 570 5296
R 199 995.00
www. 0860 10 10 88 .co.za